News Corp revenues rise with business 'vigorously pursuing digitisation', Foxtel revenue drops
May 7, 2021 10:31 News Corporation’s financial results for the quarter ending March saw the global company post revenues of US$2.34 billion, a 3% increase year-on-year. Meanwhile, net income was US$96 million, compared to a net loss of US$1 billion the prior year, and Total Segment EBITDA rose from US$242 million to US$298 million. The results saw chief executive Robert Thomson declare that “the financial year is on trajectory to be the most profitable since our reincarnation in 2013. “This highlights the transformed character of the company, with improved revenue performance and a 23%...
Source: mumbrella.com.au